UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No ______)
The LGL Group, Inc.
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Name of Issuer
Common Stock
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(Title of Class of Securities)
50186A108
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CUSIP Number
John V. Winfield
The InterGroup Corporation
10940 Wilshire Blvd., Suite 2150
Los Angeles, California 90024
(310) 889-2500
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Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
April 29, 2010
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Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]
CUSIP No. 50186A108 Page 2
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1. Name of Reporting Person Tax Identification Number
John V. Winfield
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [x]
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3. SEC Use Only
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4. Source of Funds
PF
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5. Check if Disclosure of Legal Proceedings is Required pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
U.S.
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Number of 7. Sole Voting Power
Shares 124,135 (Item 5)
Beneficially -----------------------------------
Owned by 8. Shared Voting Power
Each 8,200 (Item 5)
Reporting -----------------------------------
Person 9. Sole Dispositive Power
With 124,135 (Item 5)
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10. Shared Dispositive Power
8,200 (Item 5)
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
132,335 Shares of Common Stock
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row 11
5.94%
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14. Type of Reporting Person
IN
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CUSIP No. 50186A108 Page 3
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1. Name of Reporting Person Tax Identification Number
The InterGroup Corporation 13-3293645
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [x]
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3. SEC Use Only
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4. Source of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 0
Beneficially -----------------------------------
Owned by 8. Shared Voting Power
Each 8,200 (Item 5)
Reporting -----------------------------------
Person 9. Sole Dispositive Power
With 0
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10. Shared Dispositive Power
8,200 (Item 5)
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
8,200 Shares of Common Stock
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row 11
0.37%
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14. Type of Reporting Person
CO
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Item 1. Security and Issuer
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The class of equity securities to which this Schedule 13D relates is
the Common Stock ("the Common Stock")of The LGL Group, Inc., formerly known as
Lynch Corporation (the "Issuer") a Delaware corporation (the "Issuer"). The
address of the principal executive offices of the Issuer is 2525 Shader Road,
Orlando, FL 32804.
Item 2. Identity and Background
-----------------------
John V. Winfield's business address is 10940 Wilshire Blvd., Suite
2150, Los Angeles, CA 90024. Mr. Winfield principal occupation is President,
Chief Executive Officer and Chairman of the Board of The InterGroup
Corporation. Mr. Winfield has not been subject to any proceedings requiring
disclosure under sections (d) and (e) of this Item. Mr. Winfield is a citizen
of the United States.
The InterGroup Corporation ("InterGroup") is a Delaware corporation
with its principal place of business at 10940 Wilshire Blvd., Suite 2150, Los
Angeles, CA 90024. InterGroup is a public company (NASDAQ: INTG) The principal
business of InterGroup is to own and operate multi-family residential property
and other real estate. Attached hereto as Appendix A is a schedule setting
forth the executive officers and directors of InterGroup. InterGroup and/or
any of its named executive officers and directors have not been subject to any
of the proceedings requiring disclosure under sections (d) or (e) of this Item.
Item 3. Source and Amount of Funds or Other Consideration.
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Mr. Winfield used personal funds to purchase the
shares of Common Stock reported herein. InterGroup used working capital as its
source of funds to purchase the shares of Common Stock.
Item 4. Purposes of Transactions.
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Mr. Winfield and InterGroup have acquired the securities of Issuer
for investment purposes. Although neither Mr. Winfield nor InterGroup have any
present intention to do so, Mr. Winfield or InterGroup may make additional
purchases of the securities of Issuer either in the open market or in privately
negotiated transactions depending on an evaluation of the Issuer's business
prospects and financial condition, the market for securities, other available
investment opportunities, money and other stock market conditions and other
future developments. Depending on these factors, Mr. Winfield and/or InterGroup
may decide at any time to sell all or part of their holdings of the Issuer's
securities in one or more public or private transactions.
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Mr. Winfield and/or InterGroup do not have any present plan or
proposal that relate to or would result in any of the events set forth in
clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in the Securities of the Issuer
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(a) John V. Winfield, as of April 30, 2010, may be deemed to
beneficially own for purposes of Section 13(d) of the Exchange Act, a total
132,335 shares of the Common Stock of the Issuer, representing approximately
5.94% of the outstanding Common Stock of Issuer. Of that amount, Mr. Winfield
owns 124,135 shares, representing approximately 5.57% of the outstanding Common
Stock of Issuer and InterGroup owns 8,200 shares, representing approximately
0.37% of the outstanding Common Stock of Issuer. Mr. Winfield has the sole
voting and disposition power over the shares of Common Stock owned by him. As
Chairman, Present and CEO of InterGroup, Mr. Winfield can be deemed to have
shared power with InterGroup to direct the voting and disposition of the Common
Stock of Issuer owned by InterGroup.
The above percentages were determined based on the Issuer's
representations that it had 2,227,684 shares outstanding as reported in its
most recent filing on Form 10-K for the year ended December 31, 2009.
(b) As the Chairman, President, Chief Executive Officer and
controlling shareholder of InterGroup, John V. Winfield shares the voting
power and disposition power with respect to the Common Stock owned by
InterGroup.
(c) During the past sixty (60) days, the following transactions were
effected in the Common Stock of Issuer Mr. Winfield:
Average
Price per
Identity Date Amount Share Nature of Transaction
- ---------- ------- ------ --------- ---------------------
Winfield 4/27/10 1,700 $6.410 Open Market Purchase
Winfield 4/28/10 200 $6.700 Open Market Purchase
Winfield 4/29/10 9,000 $6.974 Open market Purchase
Winfield 4/29/04 7,953 $6.510 Open Market Purchase
Winfield 4/30/10 12,000 $7.491 Open Market Purchase
All transactions were open market purchases on the AMEX. The price indicated
excludes any applicable broker commissions.
(d) No person other than InterGroup, with respect to its shares, or
Mr. Winfield, with respect to his shares, has the right to receive or the
power to direct the receipt of dividends from, and the proceeds from the sale
of, the shares beneficially owned by each.
(e) Not Applicable.
-5-
Item 6. Contracts, Agreements, Understandings or Relationships with Respect
to Securities of the Issuer
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None.
Item 7. Material to be Filed as Exhibits
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None.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: April 30, 2010 /s/ John V. Winfield
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John V. Winfield
The InterGroup Corporation
Dated: April 30, 2010 by /s/ John V. Winfield
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John V. Winfield, Chairman,
President and CEO
-6-
APPENDIX A
THE INTERGROUP CORPORATION
Executive Officers and Directors*
John V. Winfield - Chairman of the Board, President and Chief Executive
Officer, The InterGroup Corporation.
Citizenship: United States
William J. Nance - Director. Principal Occupation: Certified Public
Accountant ("CPA") and Consultant.
Citizenship: United States
Gary N. Jacobs - Secretary and Director. Principal Occupation: Attorney at
Law
Citizenship: United States
John C. Love - Director. Principal Occupation: Retired CPA, Independent
consultant to the hospitality and tourism industries;
real estate broker.
Citizenship: United States
Joseph A. Grunwald - Vice Chairman of the Board. Principal Occupation:
Industrial, commercial and residential real estate
developer.
Citizenship: Belgium
David C. Gonzalez - Vice President Real Estate, The InterGroup Corporation.
Citizenship: United States
David T. Nguyen - Treasurer and Controller, The InterGroup Corporation.
Citizenship: United States.
Michael G. Zybala - Assistant Secretary and General Counsel.
Citizenship: United States
* Business Address: The business address for all executive officers and
directors is c/o The InterGroup Corporation, 10940 Wilshire Blvd., Suite 2150,
Los Angeles, CA 90024.